News

M&G Real Estate funded trade park 70% let on completion - Northampton

Brackmills Trade Park in Northampton, funded by M&G Real Estate - one of the largest property investors in the UK - has reached practical completion, with the 65,200 sq ft speculative development already 70 per cent let.

The 14-unit trade counter, industrial/warehouse and retail scheme has attracted major occupiers - including Screwfix, Topps Tiles, Digraph Transport Supplies, Subway, Pizza Hut, Greggs, and Costa. The letting of the largest unit, a 23,000 sq ft warehouse facility, has also recently completed.

James Hillary, Asset Manager at M&G Real Estate, said: “Achieving 70% occupancy on practical completion highlights the strength of demand in the sector. The take up also vindicates our strategy to invest in speculative development in supply-constrained markets and around established hubs to create core investments.”

Jeff Penman, Managing Director of the Developer, Tungsten Properties, added: “We are delighted to have worked with M&G Real Estate to successfully deliver a prime trade counter development in Northampton. The retail facilities will provide much needed amenities to the 11,000 people currently employed on the wider Brackmills Industrial Estate”.

Further opportunities from 2,000 sq ft to 7,500 sq ft remain to let within the Park and further information can be obtained from the retained letting agent Prop-Search - Tel: 01604 492000 or its website: www.prop-search.com